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and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff, you guys pass the bill, harry reid could do something he hasn't done in over three years, pass it in the senate, give it to the president, and nobody's taxes are going to go up, crisis averred and then they can spend team after the new year negotiating tax reform, entitlement reform, living within our means. why don't they just do that? >> well, they could, but they want to demonize the house. they want to pontiff indicate without actually doing anything in the way of legislating. sean, if you look back at the history, the deficit ceiling bill back a y
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff,...
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Jan 1, 2013
01/13
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no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes across the board. >> bill: now, governor dean sympathizes with the socialist philosophy and that's where the country is heading. taking from those who are productive and giving to those who are struggling. or who are working for the massive government apparatus. during this christmas season, i think we all should emulate officer deprimo, we should try to help those in need, but that help may be futile, if the government doesn't wise up and stop the incredible entitlement spending, america's economy will eventually collapse. president obama need
no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes...
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Dec 28, 2012
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in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to talk about it. i mean everybody says we have to do something about spending in this country. today the treasury secretary geithner came out and said we are going to approach, you know, the debt ceiling much more quickly than we anticipated. so everybody, republican and democrat. and i was just saying to sean here's the president saying we've got to do something about spending. simpson-bowles was asking for $2 billion or something in tax hikes. he's down now to 1.2. saying we have to do something in terms of limbing the rate of growth by changing the
in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to...
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Dec 29, 2012
12/12
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keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be working hard to try to see he if we can get there in the next 24 hours. >> among the questions to be answered, what level do you set extending the bush tax cuts? $250,000 income? $500,000 or $750,000. that will all get hammered out this sundby, by this sunday when house lawmakers are set to return. failure or a bad deal could have major economic impact if the markets react poorly. greta? >> greta: mike, thank you. and check your watches because we are only about 73 hours and 55 minutes away from the big event. that is how much time we have before the president, t
keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be...
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Dec 31, 2012
12/12
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so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we'
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run...
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Jan 1, 2013
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then it becomes voting against the obama tax cuts. that was the scenarios rinse were afraid of. >> steve: it looks like a republicans say it's a done deal, we'll have to raise taxes on the most successful. but we will live to fight another day. that day is when the debt ceiling comes up in a couple of months and the sequestration thing, they kicked it down -- two months! so the republicans think, okay. when we get down to the talk about spending, we're going to be big winners. >> they knew that raising taxes on the wealthy polled badly for them. that most americans were in favor of that. we're not on the winning side. they got that off the table and said, we'll win the debt fight. i say to them, well, won't the press just kill you for being the people who would drive the country to the very risk of default in favor of -- to save your spending cuts, which aren't popular in the first place. they feel they can win that fight. i'm a little skeptical. >> brian: in the big picture, if someone told that you there will be a democratic preside
then it becomes voting against the obama tax cuts. that was the scenarios rinse were afraid of. >> steve: it looks like a republicans say it's a done deal, we'll have to raise taxes on the most successful. but we will live to fight another day. that day is when the debt ceiling comes up in a couple of months and the sequestration thing, they kicked it down -- two months! so the republicans think, okay. when we get down to the talk about spending, we're going to be big winners. >>...
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Jan 1, 2013
01/13
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. >> reporter: president obama wanted a bargain that dealt with taxes and spending cuts at the same time. >> but with this congress, that was obviously a little too much to hope for at this time. >> reporter: house speaker john boehner has not yet publicly endorsed the deal. and the house reconvenes by midday today. a vote could also come today. >> tara, a lot of republicans weren't happy with the president's speech yesterday. is there any indication that that could affect the vote in the house? >> well, president obama during that speech criticized congress for taking too long to come up with this deal. he also laid the groundwork for another problem that's coming and that's basically burrough -- upping the country's burrough limit. republicans will no doubt try to use upping that in ex-kang for spending cuts. and to which the president said, they have another thing coming if they think that's going to be the case. spending cuts alone are not going to be able to reduce the country's deficit. so we have that coming. senator john mccain said basically that's going to antagonize a lot of t
. >> reporter: president obama wanted a bargain that dealt with taxes and spending cuts at the same time. >> but with this congress, that was obviously a little too much to hope for at this time. >> reporter: house speaker john boehner has not yet publicly endorsed the deal. and the house reconvenes by midday today. a vote could also come today. >> tara, a lot of republicans weren't happy with the president's speech yesterday. is there any indication that that could...
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Dec 29, 2012
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and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remains a result of the still weak economy. and so when the economy went into recession in late 2008, tax collections re
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been...
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so now they squabble the tax hikes but now is time for president obama to be talking about raises in washington. who is going to get a bump in pay. new reports that secretary of state hillary clinton is returning after three weeks from recovering from a virus. now she is set to testify on the terror attack in libya that left four americans dead. the question that she will face when she goes to the hill. we'll talk about it. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis,
so now they squabble the tax hikes but now is time for president obama to be talking about raises in washington. who is going to get a bump in pay. new reports that secretary of state hillary clinton is returning after three weeks from recovering from a virus. now she is set to testify on the terror attack in libya that left four americans dead. the question that she will face when she goes to the hill. we'll talk about it. [ malennouncer ] it's tt time of year again. time for citi price...
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Dec 28, 2012
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we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. se
we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it...
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Dec 31, 2012
12/12
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i pay taxes. i pay more taxes at citibank. i am here because we are against the separation of families, against all of the discrimination that this society is making against our community. >> this is democracy now!'s look back at 2012. to get a copy of the show, go to our website, democracynow.org. we will be back in a minute. know" by the beastie boys. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. we look back at 2012. >> return to our guest of the discussion and debate about president obama's speech and record. >> of course, it may be true, as mr. ford has indicated, but the truth is obama is as progressive a figure who has the chance of being elected in america. friedrich engels will not be the secretary of labor and mark will not be the secretary of the treasury. >> he is the more effective evil because he is able, being a democrat, to accomplish more of that right-wing agenda, and republican ever could. george bush tried to privatize social security. he cut his worst domestic defeat
i pay taxes. i pay more taxes at citibank. i am here because we are against the separation of families, against all of the discrimination that this society is making against our community. >> this is democracy now!'s look back at 2012. to get a copy of the show, go to our website, democracynow.org. we will be back in a minute. know" by the beastie boys. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. we look back at 2012. >> return to our...
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Dec 27, 2012
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there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private c
there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the...
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Dec 29, 2012
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. >> harris: if congress cannot work out a deal, tax hikes, spending cuts will take effect on tuesday of next week. president obama says he is willing to give congress a little time to come up with a compromise but his patience is limited well as is the rest of the country's. ed henry with the news live at the white house. ed, first, a dramatic meeting earlier today at the white house. and then this ultimatum from the president. >> that's right, harris. it was a dramatic exchange. what i'm told by a senior white house official is that the president basically told john boehner and mitch mcconnell the republican leaders in the room here for this meeting that he wants an up or down vote on his scaled back bill to try to avoid this fiscal cliff. and he basically turned on them and said so what's your response? what's your move? the next move is yours. and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senat
. >> harris: if congress cannot work out a deal, tax hikes, spending cuts will take effect on tuesday of next week. president obama says he is willing to give congress a little time to come up with a compromise but his patience is limited well as is the rest of the country's. ed henry with the news live at the white house. ed, first, a dramatic meeting earlier today at the white house. and then this ultimatum from the president. >> that's right, harris. it was a dramatic exchange....
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Jan 1, 2013
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so i think their theory is, we pushed, obama bent, let's ping-pong the bill back and let's see if they bend a little more. i think what that misses is an immense pressure, not democrats and republicans on the left that won't let them play ping-pong with the bill. >> can the democrats accept the little ping-pong right now in the next 24 hours? let's say the house passes the senate version with one amendment that calls for specific additional spending cuts and it goes to the senate, be do you think that's doable? >> it depends on what those spending cuts are and i think that the leaders in the senate will look at it because i think the american people do deserve for leaders to be responsible and here's where i think the republicans are really going wrong on two front. this is so politically perilous for them. they lost the election in november because the american people didn't think that republicans understood what they are going through and if they are now the ones who are the architects of all of us going over the cliff and for millions of americans taxes to go up, that's going to be
so i think their theory is, we pushed, obama bent, let's ping-pong the bill back and let's see if they bend a little more. i think what that misses is an immense pressure, not democrats and republicans on the left that won't let them play ping-pong with the bill. >> can the democrats accept the little ping-pong right now in the next 24 hours? let's say the house passes the senate version with one amendment that calls for specific additional spending cuts and it goes to the senate, be do...
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Dec 26, 2012
12/12
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obama and the couple's hawaii until january 6th. the president will leave hawaii tonight. lawmakers have less than a week to agree on how to avert tax increases said to go into effect in january. >>> holiday gift-giving season brings a fresh crop of electronic waste. christmas doesn't bring many happy returns, especially today. >> here's this morning's bloomberg business report. >>> good morning. christmas is over, let the returns begin say you are not a big fan of that sweater from your aunt you may want to wait a few days before heading back to the stores, the day is the worst day to return unwanted gifts the lines are the longest, clerks burned out from the holiday madness. holiday retail sales up less than a percent from last year, worst than what had been expected. worries over the if can and hurricane sandy disrupting shopping. don't forget to recycle old devices you don't want. a company called green citizen tells bloomberg it expects to see a 30% rise in e-waste between now and february. tomorrow lawmakers head back to washington to continue tackling the fiscal cli
obama and the couple's hawaii until january 6th. the president will leave hawaii tonight. lawmakers have less than a week to agree on how to avert tax increases said to go into effect in january. >>> holiday gift-giving season brings a fresh crop of electronic waste. christmas doesn't bring many happy returns, especially today. >> here's this morning's bloomberg business report. >>> good morning. christmas is over, let the returns begin say you are not a big fan of that...
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Dec 26, 2012
12/12
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. >> will you soon be paying higher taxes? that will be the reality if both sides in washington cannot reach a deal on the fiscal cliff. president obama and house speaker john boehner are still far apart on any agreement. they'll be back in washington later this week to try to reach a compromise. >>> and season's greetings from way up high. astronauts aboard the international space station are taking time to share in the holiday spirit. after wishing everyone a merry christm christmas, look at this, one of the crew members had a little fun, a little gravity free fun with the tree. i'm victor blackwell. more of cnn's top ten of 2012 coming up. >>> three, two, one. and liftoff. liftoff. >> may, 2012, spacex launches a rocket into space, becoming the first international company to launch into the space station. private companies instead of nasa sending cargo and eventually humans to space. and one of our top scientific and technological break throughs of 2012. it was a banner year for bad behavior and not all of it easy to stomac
. >> will you soon be paying higher taxes? that will be the reality if both sides in washington cannot reach a deal on the fiscal cliff. president obama and house speaker john boehner are still far apart on any agreement. they'll be back in washington later this week to try to reach a compromise. >>> and season's greetings from way up high. astronauts aboard the international space station are taking time to share in the holiday spirit. after wishing everyone a merry christm...
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Dec 28, 2012
12/12
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. >> president obama top congressional leaders will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the country. >> putin says the bill is retaliation for an america
. >> president obama top congressional leaders will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be...
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Dec 28, 2012
12/12
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president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >> former president george h. w. bush is still in intensive car
president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington...
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Dec 24, 2012
12/12
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CNBC
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payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll tax number going up again? >> payroll tax, i think they're not going to extend it. so that goes up -- >> sooner or later they have to go up. >> that's $160 billion -- >> don't we need that money? >> funding social security. so it's very likely that that tax cut will not be extended into the new year. so there's a chance you have a mild recession, even in real terms, in the first half of next year. the good news, i think, my big prediction, i've had for awhile for whatever it's worth, i think we're developing a new nifty 50 in this country of very, very strong companies that are almost bond proxies. and i know a lot of people think they're expensive, but there's no other alternative. there's no other place to go. >> is the market priced appropriately for your estimation -- >> no, i don't think. >> for the first half of 2013. >> if you look at bottom of analyst estimates for 2013 they're still using 113, 114 for operating earnings, an 11%
payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll tax number going up again? >> payroll tax, i think they're not going to extend it. so that goes up -- >> sooner or later they have to go up. >> that's $160 billion -- >> don't we need that money? >> funding social security. so it's very likely that that tax cut will not be extended into the new year. so there's a chance you have a mild recession, even...
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Jan 1, 2013
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so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we'
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run...
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Dec 26, 2012
12/12
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. >> will you soon be paying higher taxes? that will be the reality if both sides in washington cannot reach a deal on the fiscal cliff. president obama and house speaker john boehner are still far apart on any agreement. they'll be back in washington later this week to try to reach >> number eight, the wheels fly off the bike. cycling superstar lance armstrong had endured the swirl of steroid rumors for years, but that all changed in august. the seven-time tour de france winner was stripped of his title, lost his sponsorships and even left the board of his charity, live strong, after they found that he engaged in a long-term pattern of blood doping during his career. armstrong still denies using performance enhancing drugs. >> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo, which makes the elmo sex scandal all the more shocking. kevin clash resigned as the iconic voice of elmo after allegations surfaced that years ago, he had sexual contact with underage
. >> will you soon be paying higher taxes? that will be the reality if both sides in washington cannot reach a deal on the fiscal cliff. president obama and house speaker john boehner are still far apart on any agreement. they'll be back in washington later this week to try to reach >> number eight, the wheels fly off the bike. cycling superstar lance armstrong had endured the swirl of steroid rumors for years, but that all changed in august. the seven-time tour de france winner was...
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Dec 27, 2012
12/12
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KRON
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it keeps the taxes from going up on americans making less than $250,000 a year. speaker banner has already had problems trying to get the deal past to raise taxes on of americans making over $8 million a year. the $250,000 limit will not fly. >> sent this three authorization it goes right to the president that if we except the house bill and get it signed. if it goes past the first of the program goes down. the program is interrupted. this is important. it has the support of national security the attorney general air coulter and other national security officials who have made clear as to the importance of this. at this time following my remarks i would like to enter the letters into the record. >> here on the floor the senate it is getting back to work trying to get the house to attending. president obama just getting off of air force one right now. he has already made phone calls to all of the house and senate leaders trying to get this deal done before the end of the year. senate majority leader read speaking a short time ago saying he is it appears likely we'r
it keeps the taxes from going up on americans making less than $250,000 a year. speaker banner has already had problems trying to get the deal past to raise taxes on of americans making over $8 million a year. the $250,000 limit will not fly. >> sent this three authorization it goes right to the president that if we except the house bill and get it signed. if it goes past the first of the program goes down. the program is interrupted. this is important. it has the support of national...
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Jan 1, 2013
01/13
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issues of trying to tackle the long-term fiscal health of the country, be that entitlement reform, tax reform, all of those things that president obama tried to do with house speaker john boehner but ultimately failed to do in negotiations. it will be attached to the debt ceiling since it was unattached from the fiscal cliff and we will be talking about this for some time, joe. happy new year to you. >> happy new year to you, brianna, up all night and still ticking. thank you for your work. >>> eight senators voted against the compromise measure. tom harkin, tom carper and michael bennet voted no and mike lee, richard shelby, rand paul, chuck grassley and marco rubio. setting politics aside for a moment answer the question most of you are probably wondering on this new year's day, what does the measure mean for me and my wallet? cnn's christine romans is crunching the numbers. christine? >> joe for 98% income tax rates will not go up to the clinton era levels. it means if you're unemployed and you've got your last unemployment benefits check, the federal unemployment benefits check las
issues of trying to tackle the long-term fiscal health of the country, be that entitlement reform, tax reform, all of those things that president obama tried to do with house speaker john boehner but ultimately failed to do in negotiations. it will be attached to the debt ceiling since it was unattached from the fiscal cliff and we will be talking about this for some time, joe. happy new year to you. >> happy new year to you, brianna, up all night and still ticking. thank you for your...
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Dec 29, 2012
12/12
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WRC
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with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the notion that our elected leadership can't do the same thing is mind-boggling to them and needs to stop. >> reporter: the stern words came on the heels of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan which among other things would extend unemployment benefits and tax breaks for those making $250,000 or less while allowing rates to raise on wealthier americans. something many repub
with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any...
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Dec 27, 2012
12/12
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the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. mr. president, the house we hear so often is controlled by the republicans, and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support if it were reasonable, but right now they are -- we haven't heard anything. i don't know -- and it's none of my business, i guess, although i am very curious -- if the speaker and the majority leader -- the republican leader over
the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they...
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Dec 26, 2012
12/12
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million dollar incomes and more, now turning to plan c which is president obama's idea which is to move it back to $250,000 or more, that would be the threshold for tax cuts or tax increases in the other direction, also dealing with two million people who are losing their unemployment benefits, president wants to the take care of that by the end of the year and finally, spending cuts kicked till later next year. that's one of the key things that's going to have to be ironed out if taxes are going up for some, republicans are saying you're going to be getting more revenue in the government, make sure that's not spent on new federal programs. you look at the front page of the star advertiser, it says obama headed back to work. he'll be flying back late tonight, get back to work. the picture here that showed the president and first lady, they were with troops at a marine base here, that's become a christmas tradition before the president heads out, basically, as they were getting ready for dinner, the president and first lady made, you know, a quick appearance there, and the president had
million dollar incomes and more, now turning to plan c which is president obama's idea which is to move it back to $250,000 or more, that would be the threshold for tax cuts or tax increases in the other direction, also dealing with two million people who are losing their unemployment benefits, president wants to the take care of that by the end of the year and finally, spending cuts kicked till later next year. that's one of the key things that's going to have to be ironed out if taxes are...
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Dec 24, 2012
12/12
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president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it. you agree and say this is never going to happen. because we will get this thing done . now eight days done. is it possible to go through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take
president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it....
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Dec 29, 2012
12/12
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KRON
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before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permission to sue the state for 100 million dollars on behalf of a student who survived the mass shooting in newtown. the attorney says the 6- year-old student, identified as "jill doe," was in her classroom at sandy hook e
before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure,...
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Dec 28, 2012
12/12
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. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the country. how is the bickering back and forth solving anything fplgt all government spending should be on the table for spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get down to doing the country's business. that evaporated within days and now we are back to where we were in the summer of 2011 where
. >> we've been hearing about the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and...
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Dec 27, 2012
12/12
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the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was response to something that the speaker gave them himself but i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. the house, we hear so often, is controlled by the republicans. and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support if it were reasonable. but right now we haven't heard anything. i don't know and it's none of my business, i guess, although i am very curious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on
the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was response to something that the speaker gave them himself but i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do...
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Dec 29, 2012
12/12
by
FOXNEWSW
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thresholds, and if they don't come up with something, again, that wedge gets driven further and obama can sit in the cat bird's seat and blame, blame, blame republicans for their obstructionism. >> dave: quickly, you think a deal gets done, a threshold say around a half million dollars, unemployment gets extended and very little cuts, is that basically what you think happens here? >> i think that's right. i think that's the basic outline and then what the house republican take away, well, we'll deal with the tough issues later, always been there. >> dave: kick the can down the road. >> move on. >> juliet: let's go to the story that we've been covering here shall the hobby lobby story, this is a faith-based business and they decided they're going to risk paying potential fines up to 1.3 million dollars a day because they're refusing to provide the morning after pill to employees, it does not go with their beliefs. what do you make of that story? >> and by the way my christmas tree came from hobby lobby and i think it's incumbent upon every conservative who believes in freedom of religi
thresholds, and if they don't come up with something, again, that wedge gets driven further and obama can sit in the cat bird's seat and blame, blame, blame republicans for their obstructionism. >> dave: quickly, you think a deal gets done, a threshold say around a half million dollars, unemployment gets extended and very little cuts, is that basically what you think happens here? >> i think that's right. i think that's the basic outline and then what the house republican take away,...
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Dec 30, 2012
12/12
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KTVU
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while president obama wants a tax increase for those earning $250,000 there is a proposal on the table that raises that income threshold to $400,000. >> i think we need a deal. we should do a deal. if lindsey and i could sit down we will put that together. i think the leadership is now working. >> republicans hope to raise the income threshold to $400,000 and keep state taxes low. if the parties can't agree, presidt oba -- [lost audio] >>> and parts of ohio the latest storm comes days after the region's were hit by another storm which is being blamed for add least 16th deaths. the national weather service is expecting up to a foot of new storm. officials have lowered the speed limit on the pennsylvania term pike. boston's mayor announced a snow emergency in parts of the city. they worked for hours to keep the area clear. despite heavy snow and dangerous driving conditions patriot fans braved the elements. >>> meanwhile before what was supposed to be a fun outing in southern california turned into a dramatic situation. coming up we'll show you why some ice skaters are being called heros
while president obama wants a tax increase for those earning $250,000 there is a proposal on the table that raises that income threshold to $400,000. >> i think we need a deal. we should do a deal. if lindsey and i could sit down we will put that together. i think the leadership is now working. >> republicans hope to raise the income threshold to $400,000 and keep state taxes low. if the parties can't agree, presidt oba -- [lost audio] >>> and parts of ohio the latest storm...